Annis Gardner Whiting Capital Advisors LLC Acquires New Holdings in Hilton Worldwide Holdings Inc. (NYSE:HLT)

Annis Gardner Whiting Capital Advisors LLC acquired a new position in Hilton Worldwide Holdings Inc. (NYSE:HLTFree Report) in the third quarter, Holdings Channel reports. The institutional investor acquired 396 shares of the company’s stock, valued at approximately $59,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HLT. OFI Invest Asset Management purchased a new position in shares of Hilton Worldwide in the 3rd quarter worth $25,000. Exchange Traded Concepts LLC bought a new stake in shares of Hilton Worldwide in the 3rd quarter worth about $31,000. Bartlett & Co. LLC bought a new stake in shares of Hilton Worldwide in the 3rd quarter worth about $33,000. Clear Street Markets LLC bought a new stake in shares of Hilton Worldwide in the 4th quarter worth about $34,000. Finally, VitalStone Financial LLC lifted its holdings in shares of Hilton Worldwide by 115.4% in the 1st quarter. VitalStone Financial LLC now owns 224 shares of the company’s stock worth $35,000 after acquiring an additional 120 shares during the last quarter. 94.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. HSBC assumed coverage on shares of Hilton Worldwide in a report on Monday, October 23rd. They issued a “buy” rating and a $191.00 target price for the company. Jefferies Financial Group lifted their price objective on shares of Hilton Worldwide from $157.00 to $182.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Morgan Stanley lifted their price objective on shares of Hilton Worldwide from $182.00 to $183.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. Evercore ISI reiterated an “in-line” rating and set a $200.00 price objective on shares of Hilton Worldwide in a report on Monday, February 5th. Finally, Truist Financial lifted their price objective on shares of Hilton Worldwide from $172.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Hilton Worldwide presently has a consensus rating of “Hold” and an average price target of $176.93.

View Our Latest Analysis on HLT

Insider Transactions at Hilton Worldwide

In other news, insider Christopher J. Nassetta sold 21,489 shares of Hilton Worldwide stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total value of $4,204,967.52. Following the transaction, the insider now owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Hilton Worldwide news, insider Christopher J. Nassetta sold 21,489 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $195.68, for a total transaction of $4,204,967.52. Following the sale, the insider now owns 2,536,478 shares of the company’s stock, valued at approximately $496,338,015.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher W. Silcock sold 10,863 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $166.61, for a total transaction of $1,809,884.43. Following the sale, the insider now directly owns 58,256 shares in the company, valued at approximately $9,706,032.16. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Hilton Worldwide Stock Performance

NYSE:HLT opened at $192.16 on Friday. Hilton Worldwide Holdings Inc. has a one year low of $129.86 and a one year high of $198.15. The firm has a market cap of $48.46 billion, a P/E ratio of 44.38, a P/E/G ratio of 1.76 and a beta of 1.26. The firm has a 50-day simple moving average of $183.23 and a 200-day simple moving average of $164.44.

Hilton Worldwide (NYSE:HLTGet Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.11. Hilton Worldwide had a net margin of 11.15% and a negative return on equity of 94.46%. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the firm earned $1.59 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, research analysts predict that Hilton Worldwide Holdings Inc. will post 7.1 EPS for the current fiscal year.

Hilton Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, February 23rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, February 22nd. Hilton Worldwide’s payout ratio is currently 13.86%.

Hilton Worldwide announced that its board has authorized a stock repurchase program on Thursday, November 9th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 7.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

About Hilton Worldwide

(Free Report)

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and premium economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.

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Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

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